Tuesday, August 2, 2011
Kudos to Nancy A. Youssef at McClatchy Newspapers.for crunching the numbers and revealing the ugly lie about the McConnell/Boehner debt deal.
The 11th hour deal to raise the debt ceiling that President Obama just signed into law today was supposed to cut$400 billion in defense spending through fiscal year 2023.
However, deal started out cutting $350 billion from defense through 2024, effectively giving the Pentagon $50 billion more than it asked for over the next decade.
As Lawrence Korb, a defense expert at the Center for American Progress said:
“This is a good deal for defense when you probe under the numbers. It’s better than what the Defense Department was expecting.”
So, as the 2012 General Election gets underway next January and we have to suffer the image of the nitwit in the White House telling throngs of adoring O-Bots how “We cut $350 billion from defense, so please reelect me president,” you will know Mr. Obama is lying.